Business

Meezan Bank, Pakistan’s premier Islamic bank, has officially announced an increase in fund transfer and ATM withdrawal limits for all debit cardholders. These new limits have been communicated via SMS and across social media platforms to ensure all clients are informed. Here’s a summary of the new limits for various...

The country’s leading ICT services provider, Pakistan Telecommunication Company Limited (PTCL) has signed a strategic agreement with Mumtaz City to revolutionize connectivity for its residents and businesses through its premium and flagship internet service, Flash Fiber. This collaboration highlights the shared vision of PTCL and Mumtaz City to deliver a...

LAHORE: PTCL Group, Pakistan’s leading telecommunication services provider, has taken a step forward towards road safety with the signing of a Memorandum of Understanding (MoU) with Atlas Honda Ltd. This collaboration underscores PTCL’s commitment to promoting safe commuting practices for motorcyclists and aligns with the Group’s ongoing Health, Safety, and...

The Pakistani Rupee showed signs of improvement against the US Dollar in the interbank market, appreciating by 0.04% on Thursday, November 14, 2024. According to the State Bank of Pakistan's closing rates, the PKR settled at 277.74 against the USD, compared to Wednesday's closing rate of 277.85. This marginal gain...

As of today, November 14, the exchange rate for the UAE Dirham (AED) remains steady, against Pakistani Rupee (PKR) with a buying rate of Rs. 75.35 and a selling rate of Rs. 76, according to forex.pk. This stable exchange rate allows Pakistani expatriates to convert their earnings without significant losses,...

The Saudi Riyal remained stable in Pakistan’s open market for the third consecutive day on Wednesday, with no fluctuations in exchange rates. The buying rate stood firm at Rs73.65, while the selling rate remained unchanged at Rs74.20. Saudi Arabia is a key contributor to Pakistan’s remittance inflows, as many Pakistani...

The Pakistan Stock Exchange (PSX) saw a strong gain on Thursday, with the KSE-100 Index rising by more than 500 points in intraday trading. By 11 AM, the benchmark index climbed 548.58 points, or 0.59%, reaching 93,904.00 from the previous close of 93,355.42. This positive trend follows a slight recovery...

The Pakistani Rupee showed slight appreciation against the US Dollar today, reflecting a minor improvement in its value. According to the State Bank of Pakistan's interbank closing rate, the exchange rate for 1 USD stands at 277.85 PKR, a small gain from yesterday’s rate of 277.93 PKR. 1 USD =...

KARACHI: The Gold Price constantly declining trend over a week on Tuesday, 12 November, 2024 as the price of 24-karat gold stands at Rs. 270,500 per tola in Pakistan. Prices of gold have declined by Rs 6,000 with 10 grams of gold being priced at Rs 231,911, the Karachi Sarafa...

According to the State Bank of Pakistan, the exchange rate for the Pakistani Rupee (PKR) against the US Dollar (USD) on November 5, 2024, was 277.84 PKR/USD. This marks a slight depreciation of 0.02% compared to the previous day’s rate of 277.79 PKR/USD. The image provided details the daily exchange...

Meezan Bank, Pakistan’s leading Islamic bank, has signed a strategic partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group. This collaboration involves the ITFC Letter of Credit (LC) Confirmation product, which aims to facilitate trade flows by assuring exporters and issuing...

The State Bank of Pakistan (SBP) has issued a circular advising all commercial banks to facilitate the encashment, replacement, and conversion of Rs. 40,000, Rs. 25,000, Rs. 15,000, and Rs. 7,500 denomination National Prize Bonds (bearer). In light of the government's recent extension, banks are instructed to accept requests from...